תאריך בפורטוגל
Clock Icon

Portugal’s development aid rises 2% to 490 million euros in 2023

Portugal’s development aid rises 2% to 490 million euros in 2023

Euro notes aligned as background.

Official Development Assistance (ODA) given by Portugal rose by 2% last year to 490 million euros, according to data presented today by the Organization for Economic Cooperation and Development (OECD).

The ODA report, presented today at a press conference in Paris, at the organization’s headquarters, reveals an increase in Portuguese aid from 480 million euros in 2022 to 490 million euros last year, or 2% more.

According to OECD data, Portuguese ODA represents 0.19% of Gross National Income, still below the 0.7% target set by the UN, which only five countries (Norway, Luxembourg, Sweden, Germany and Denmark) managed to meet last year.

Overall, ODA increased by 6% to 223.7 billion dollars (208 billion euros) in 2023, compared to the previous year, according to the OECD.

The increase in bilateral development funding by OECD member states “reflects an increase in aid flows to Ukraine and the channelling of more humanitarian assistance to developing countries,” the organization said in its presentation of the report.

Preliminary figures released today show an increase in ODA to record levels for the fifth consecutive year, rising more than 30% since 2019.

“ODA to Ukraine, where Russia’s aggression has entered its third year, increased by 9% in 2023 to 20 billion dollars (18.63 billion euros), including 3.2 billion dollars in humanitarian aid,” said the Director of Development Cooperation at the OECD, María del Pilar Garrido Gonzalo.

The OECD also said that “ODA increased for the West Bank and Gaza Strip, with preliminary figures showing a 12% increase in 2022 to 1.4 billion dollars (1.3 billion euros), of which 758 million dollars (705 million euros) in humanitarian support, which increased 91% compared to 2022.”

On a global level, the organization added, humanitarian aid increased by 4.8% this year, to 25.9 billion dollars, around 24.2 billion euros.

Leave a Reply

Here you can search for anything you want

Everything that is hot also happens in our social networks